At a meeting today between Professor Dr Burkhard Goeschel and Dr Juergen Reul representing the GPMA and Max Mosley representing the FIA, the following was agreed:

i) Engines will be stabilised from the 2006 Chinese Grand Prix. These will be the only engines used from and including the 2007 season.

ii) This means that no further developments of the engines will be allowed other than retuning for the 19,000 rpm limit, to be agreed in each case with the FIA under the terms of the 2008 Formula One Sporting Regulations.

iii) From 2009 the Formula One Technical Regulations will include means to promote fuel efficiency including energy recovery and re-use. All relevant regulations for 2009 will be published no later than December 31, 2006.

iv) GPMA has setup a working group to examine possible future rules for Formula One which will allow a performance advantage to be obtained by means of more efficient use of available energy. These future regulations may include changes to current power units. The FIA and other engine suppliers will join this group.

v) As a result of the above the FIA and GPMA are now in full agreement about the future of the FIA Formula One World Championship.

It should be noted however, that this is an 'agreement' between Goeschel, Reul and the FIA and has not as been ratified by the other members of the GPM. A GPMA spokesman told Pitpass: "Although talks are moving in the right direction, it has not yet been agreed by everybody.

"The five members of the GPMA are currently discussing the points from this morning's meeting and will make a decision shortly."